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Undoubtedly, London is one of the most important startup ecosystems in the world and it’s growing fast. More and more young companies decide to move to London whose market is also very diversified. If you are still unsure which are the hottest London meetups, incubators and communities, want to learn about how to face the challenge of talent drain or simply seek for some inspiration, London Startup Guide by Netguru is for you. Download now!
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Every time I go to Poland, I am awestruck by the level of drive and hard work of Polish people. And when I ask them about this, they respond using a phrase that is so recurring that I realise that it has been handed down by their politicians, parents, teachers and probably priests as well to encourage them to build the modern Poland: "We don't have inherited capital, so we have to build our future by hard work."
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In one of my previous posts I was trying to answer the question why London might be the best place for a startup in the world. In another, I suggested that London is the number one place for Fintech startups in the world. The most recent statistics seem to prove it.
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London and New York have been fighting for the title of the global financial centre for years. Both have strong claims. The rivalry between the two is one of the most favourite topics in financial media.
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It’s spawned startups worth billions, constantly attracts multi-million pound investments, and is home to some of the most respected and influential startup gurus the world has to offer. Yes, I’m talking (once again) about London.
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The London startup scene is the biggest in Europe and it's growing faster than any ecosystem in the US. It's the most diversified startup ecosystem in the world. It has an exceptional market reach and you can meet the most affluent clients and investors there. Finally, London-based startups know how to make use of the best talent pools on the planet.
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With a wide range of tech hubs and startup incubators, the conditions for growing a business in London are more than favourable. Being close to influencers and conferences is obviously a great advantage. On the other hand, however, the cost of running a business in London is much higher than in any other European city. One possible solution to this problem is to hire a remote development team, but many companies are afraid of doing so because they think that they will have more control over an in-house team. There are 5 reasons why they might want to change their mind.
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If you’re gonna make it as a startup, then you’re gonna make it in London. In case you didn’t catch it, my last blog here – ‘Top 10 Most Successful Startups In London 2016’ – pays testimony to that. From FinTech ventures like Funding Circle and TransferWise, to property gurus RightMove and Zoopla, to fashion retailers ASOS and Farfetch, London is home to some of the most prosperous tech startups in the world.
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It’s no secret that the UK’s great capital plays host to some of the most burgeoning and innovative startups the world has to offer. And the reason is simple – not only is there the resources, the talent, and the support for startups in London, there’s also a real sense of community in the tech sphere here. And where there’s a thriving community of like-minded individuals, there is also spirit, motivation and unbridled patronage flowing positively between all members, pushing each other forward ever towards greater and better things.
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London. Home to red buses, black taxis, and one of the most inspiring and exciting hubs for tech startups and innovation the world has to offer. Check out this ultimate directory of startup venues every London startup mind should know.
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